Devenez Insider

EXCLUSIVE. MiCA: the crypto industry calls on European governments

No items found.

Monday, April 18, 2022

In a letter to the EU's 27 finance ministers, the industry expresses its concern about the consequences of future legislation.

Web3's response didn't take long. Less than a month after two amendments were proposed to the European Parliament toughening legislation on cryptos (one of which was adopted), 46 bosses and organisations representing Web3 sent a letter to the 27 EU finance ministers to question them about their consequences. The Big Whale has obtained an exclusive copy 😎

In the two-page document, the crypto lobby calls on the EU not to impose rules that go beyond the recommendations of the Financial Action Task Force (FATF), the intergovernmental body that fights money laundering and the financing of terrorism. Such a prospect would penalise Europe vis-à-vis the United States and Asia.

-

Objective: Preserve citizens' privacy, innovation, growth and job creation by introducing European laws favourable to Web3 and the Internet

On behalf of the European Web3 community and businesses, we would like to express our deep concern about recent proposals for European laws that threaten individuals' privacy as well as innovation, growth and jobs in Europe.

We welcome the EU's efforts to support and frame the Web3 industry with the Regulation on Markets in Crypto-Assets ("MiCA") and Money Transfers ("TFR"). Governments, the European Commission and the Web3 industry are aligned on the objective of successfully fighting crime while protecting privacy and promoting consumer protection, financial stability and equal access to the Internet for citizens. However, the latest proposals adopted by the European Parliament risk wiping out years of work and jeopardising the economic future of European Web3.

‍

Heading 1

Heading 2

Heading 3

Heading 4

Heading 5

Heading 6

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.

Block quote

Ordered list

Item 1
Item 2
Item 3

Unordered list

Item A
Item B
Item C

Bold text

Emphasis

^Superscript

_Subscript

Cette analyse n'est pas un conseil en investissement. Elle a été rédigée sans prendre en compte votre situation personnelle et notamment votre situation financière, votre profil de risque et vos objectifs d’investissement.

Avant d’investir dans un produit, l’investisseur doit comprendre entièrement les risques et consulter ses propres conseillers juridiques, fiscaux, financiers et comptables.

Cet article est réservé aux abonnés insiders.

Les meilleurs news et analyses cryptos. Chaque semaine. 100% indépendant.

Devenir insider

Everything that matters n Web3

The best news and crypto analysis. Every Week. 100% independent.

Tokens in this article

No items found.

Projects in this article

No items found.

In this category

Tornado Cash: what the US judges' decision changes

Tornado Cash: what the US judges' decision changes

William O'Rorke

Tornado Cash: what the US judges' decision changes

DeFi regulation: what framework and what timetable for Europe?

DeFi regulation: what framework and what timetable for Europe?

DeFi regulation: what framework and what timetable for Europe?

Exclusive. France to ban Polymarket

Exclusive. France to ban Polymarket

Grégory Raymond

Exclusive. France to ban Polymarket